In the data center UPS market, the colocation segment has a vital market share in various European and Asian countries since the last few years.
Sellbyville, DE -- (SBWIRE) -- 10/22/2018 -- The increased adoption of IoT across several applications such as BFSI, healthcare, manufacturing, telecom & IT has generated a demand for data center UPS market which provide enhanced efficiency through reduced energy consumption. The industry is witnessing a shift towards data center colocation, as colocation services help simplify several processes. Companies implementing and using colocation services are relying on the vendors to handle intricate facility systems, such as IT setup and hardware upgrades without having to concern about the data center facility-related issues thereby driving the colocation demand.
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North America accounted for more than 30% of the global data center UPS market share in 2016 owing to the U.S. market and will grow at a high CAGR during the forecast timeline. Rapid infrastructure advancements of several sectors such as healthcare, manufacturing, entertainment, and IT & telecom, will provide an impetus to the regional industry growth. Moreover, increasing IT investments of SMBs, and strict government policies, in the U.S. will positively impact the demand for the data center UPS market in the next seven years.
World Data Center UPS Market is set to grow from its current market value of $3 billion to more than $4.5 billion by 2024, to grow at 3% CAGR
Data Center UPS Market, By Application
- Telecom & IT
Slow advancements rates of technology are hampering the data center UPS market growth. In addition, factors such as rising costs for raw materials, intense price competition and lack of skilled labor is acting as challenge for the growth. The data center UPS market can achieve immense growth by maintaining the product consistency, and efficiency.
The online data center UPS market accounted for majority of the market share in 2016 and will witness high growth as it is being widely accepted and implemented by various companies. They offer improved total power protection to the peripherals & systems and are help decrease data loss that is caused by power disruptions. The online solutions are mainly used for important business applications in various industries owing to which a high demand has been witnessed in the data center UPS market.
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In the data center UPS market, the colocation segment has a vital market share in various European and Asian countries since the last few years. Several businesses are migrating part of the IT infrastructure to the cloud, as the colocation data centers are emerging as a perfect solution for providing physical distance among business servers and cloud providers. Several colocation companies are installing innovative technologies to enhance data center quality, improve processing and modernize the operations.
Rise in digitalization has led to the installation of cloud based data management companies, which is playing a significant role in the Asia Pacific data center UPS market. Growth in the usage of cloud-based BFSI applications in countries such as China, Japan and India will augment the demand for these systems. In addition, rise in the number of internet users will facilitate the need for more data centers and thereby the UPS systems.
Major players operating in the data center UPS market include ABB Ltd., AEG Power Solutions, Ametek Industries, Belkin International, Inc., Benning Power Electronic, Borri Industrial Power Solutions, Caterpillar Inc., Clary Corporation, Controlled Power Company, Cummins, Inc., Delta Electronics, Eaton Corporation, Emerson Network Power, Inc., Fuji Electric, Gamatronic Electronic Industries, General Electric Electrical Systems, Hewlett-Packard Company, HBL Power Systems, Intellipower, Inc., Mitsubishi Electric, PhoenixContact, Piller Group, Power Innovations International Inc., Riello, Schneider Electric SA, Server Technology, Inc., Siemens AG, TDK Corporation, Toshiba Corporation, Tripp Lite
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